Calix's Q1 beat reflects recovering broadband demand, says Roth Capital
Roth Capital analyst Scott Searle keeps a Buy rating and $48 price target on Calix (CALX) while noting that the company's Q1 results were 'solid'. Along with above-consensus Q2 growth outlook, the company's performance reflects recovering broadband demand ahead of BEAD – Broadband Equity, Access, and Deployment program – spending, the analyst tells investors in a research note.
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